Epicflow Blog
OCTOBER 1, 2022
Let’s dive into the causes for budget overrun in aerospace and defense projects, and consider the ways of preventing them. What causes budget overrun in aerospace and defense projects? . Unrealistic cost estimates. Both problems will extend a project’s timeline and cause corresponding budget overrun. .
Herding Cats
AUGUST 12, 2016
Unrealistic Cost and Schedule estimates based on inadequate risk adjusted growth models. Inadequate accessment of risk and unmitigated exposure to these risks with proper handling plans. Unanticipated Technical issues with alternative plans and solutions to maintain effectiveness. When thing go wrong, where's Plan B?
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Epicflow Blog
MARCH 22, 2024
To understand the impact of a risk-bearing event, a project manager should carry out a proper risk analysis to mitigate potential threats and avoid roadblocks to successful delivery. It’s also important to understand that there are project management risks and industry-related risks.
Herding Cats
MAY 10, 2019
Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Project Risk Management: A Combined Analytic Hierarchy Process and Decision Tree Approach,” Prasanta Kumar Dey, Cost Engineering , Vol. 3, March 2002. 85 1 Feb 2019. “An
Herding Cats
MAY 11, 2019
Let's start with a critical understanding of the purpose of managing risk on software development projects. Information about key project cost, (technical) performance and schedule attributes is often uncertain or unknown until late in the program. Planning, Tracking, and Reducing Complex Project’s Value at Risk,” Tyson R.
Herding Cats
JANUARY 23, 2019
In our domain of aerospace and defense, we have reference class for cost, schedule, architecture (DODAF), risk and other attributes of every system ever built in the DOD ( CAPE , CADE ) and NASA ( CARDe/Once ). Cost risk estimating assessment addresses the cost, schedule, and technical risks that impact the cost estimate.
Herding Cats
FEBRUARY 9, 2019
But the firm where the ±10% range was needed may well have a need to control the Value at Risk for the project. 39 - You Don't Need to Know What Done Looks Like, Just Have a Small Plan to the Next Point. There's an ongoing notion in the agile domain that we don't need or even want a Plan that shows us what done looks like.
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